Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2No description of principal activity2022-03-01false3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10060002 2022-03-01 2023-02-28 10060002 2021-03-01 2022-02-28 10060002 2023-02-28 10060002 2022-02-28 10060002 c:Director1 2022-03-01 2023-02-28 10060002 d:CurrentFinancialInstruments 2023-02-28 10060002 d:CurrentFinancialInstruments 2022-02-28 10060002 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10060002 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10060002 d:ShareCapital 2023-02-28 10060002 d:ShareCapital 2022-02-28 10060002 d:RetainedEarningsAccumulatedLosses 2023-02-28 10060002 d:RetainedEarningsAccumulatedLosses 2022-02-28 10060002 c:FRS102 2022-03-01 2023-02-28 10060002 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10060002 c:FullAccounts 2022-03-01 2023-02-28 10060002 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 10060002









ULSWATER NORTHERN STREAM LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ULSWATER NORTHERN STREAM LTD
REGISTERED NUMBER: 10060002

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Cash at bank and in hand
 4 
1,193
2,394

  
1,193
2,394

Creditors: amounts falling due within one year
 5 
(8,248)
(17,077)

Net current liabilities
  
 
 
(7,055)
 
 
(14,683)

Total assets less current liabilities
  
(7,055)
(14,683)

  

Net liabilities
  
(7,055)
(14,683)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(8,055)
(15,683)

  
(7,055)
(14,683)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S J Curran
Director

Date: 13 February 2024

Page 1

 
ULSWATER NORTHERN STREAM LTD
REGISTERED NUMBER: 10060002
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
ULSWATER NORTHERN STREAM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Ulswater Northern Stream Ltd is a private company, limited by shares and registered in England and Wales. The Company's registered number is 10060002 and its registered address is Aston House, Cornwall Avenue, London N3 1LF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been prepapred in Pounds Sterling, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company's liabilities exceed its assets, however the company retains the financial support of its shareholder and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ULSWATER NORTHERN STREAM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,193
2,394

1,193
2,394


Page 4

 
ULSWATER NORTHERN STREAM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
4,691
6,844

Other creditors
157
6,933

Accruals and deferred income
3,400
3,300

8,248
17,077



6.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The staff pension cost charge represents contributions payable by the Company to the fund and amounted to £2,055 (2022 - £1,453). No amounts are due to the fund at either balance sheet date.


7.


Related party transactions

At the balance sheet date the Company owed £100 (2022 - £100) to the shareholders. This loan is unsecured, interest free and repayable on demand.

 
Page 5